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SPX 741 – Bulls Last Stand

by Online Stock Trading on February 26, 2009

I really thought we had  shot at taking out 780 today, and unfortunately had a long bias most of the day.  Once the SPX broke trendline support, it was GAME OVER for the bulls.  And yet again, we trade back to 750.  Will 741 hold?  Is this a long test of the bottom before a rally?  Wish I knew.  Trading a market with zero conviction either way is a mental workout.

spx-022609

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